Breaking Finance News

JP Morgan downgraded Rio Tinto PLC (ADR) (NYSE:RIO) from Overweight to Neutral in a report released today.

JP Morgan has downgraded Rio Tinto PLC (ADR) (NYSE:RIO) from Overweight to Neutral in a report released on 11/13/2017.

Having a price of $49.26, Rio Tinto PLC (ADR) (NYSE:RIO) traded 0.50% higher on the day. With the last stock price up 10.23% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the date range. Rio Tinto PLC (ADR) has recorded a 50-day average of $48.36 and a two hundred day average of $43.88. Volume of trade was down over the average, with 2,163,723 shares of RIO changing hands under the typical 2,992,230

Performance Chart

Rio Tinto PLC (ADR) (NYSE:RIO)

With a total market value of $0, Rio Tinto PLC (ADR) has P/E ratio of 14.10 with a 52 week low of $32.47 and a 52 week high of $50.77 .

In addition to JP Morgan reporting its target price, a total of 4 firms have reported on RIO. The one year target is $34.15 with three equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, one equity analyst rating the company a hold, one equity analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Rio Tinto PLC (ADR) (NYSE:RIO)

Rio Tinto plc is a mining and metals company. The Company's business is finding, mining and processing mineral resources. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade. Its Iron Ore product operations are located in the Pilbara region of Western Australia. The Aluminium business includes bauxite mines, alumina refineries and aluminum smelters. Its bauxite mines are located in Australia, Brazil and Guinea. The Copper & Diamonds segment has managed operations in Australia, Canada, Mongolia and the United States, and non-managed operations in Chile and Indonesia. The Energy & Minerals segment consists of mining, refining and marketing operations in over 10 countries, across six sectors: borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *